Corporate Social Responsability

Sustainable business practice means:

• Assessing how present business practice affects the future

• Involving employees in decision making

• Considering the benefits of stakeholder over shareholder practices

• Developing BBBEE policies

Corporate social responsibility (CSR) means that...

• companies avoid any form of community engagement.

• businesses should operate in ways that benefit society in addition to maximizing shareholder value.

• companies should only focus on their internal policies.

• businesses should solely think about maximizing profits for shareholders.

• Socially responsible companies adopt policies that promote the well-being of society and the environment while lessening the negative impacts on them.

• TRUE

• FALSE

What can companies do to act responsibly? (multi option)

• promoting volunteering

• focusing only on earning money

• making changes that benefit the environment

• engaging in ethical labor practices

• engaging in charitable giving

What is a common criticism of companies that practice and endorse Corporate Social Responsibility (CSR) standards?

• CSR practices lead to greater employee satisfaction and retention

• CSR practices are seen as a distraction from the primary goal of making money

• CSR practices enhance a company's reputation and brand loyalty

• CSR practices significantly lower production costs

True or false.

Companies should take the expectations of the broader community into account when making decisions.

• True

• False

The idea that a large company has a duty to treat people fairly and to play a positive part in society.

• Corporate Responsibility

• Managerial Responsibility

• Positive Responsibility

• Responsibility

How does consumer interest in socially responsible companies typically impact their profitability?

• It decreases profitability due to higher costs associated with CSR practices

• It has no impact on profitability

• It can increase profitability by attracting consumers who prefer to support responsible businesses

• It leads to a decrease in profitability due to reduced operational efficiency